Jim Petrus named Chief Executive Officer of Lotte Hotels and Resorts Americas

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Published on 21/07/21 - Updated on 17/03/22

Jim Petrus @Lotte Hotels & Resorts

Lotte Hotels Corporation announced today that Jim Petrus has been appointed Chief Executive Officer of Lotte Hotels and Resorts Americas, in New York NY, USA.

Jim Petrus is a 30 plus year industry leader who has held senior roles in Blackstone/BRE Hotels and Resorts, Starwood Hotels and Resorts and Hyatt Hotels.

Lotte Hotels & Resorts, South Korean hotel group, entered the North American market in 2015 with the acquisition of Manhattan's iconic Lotte New York Palace hotel and further expanded its footprint in 2020 with the opening of Lotte Hotel Seattle. Lotte Hotels & Resorts plans to open more than 20 hotels over the next 5 years, targeting key gateway cities, tech centers and resort destinations in the Americas. Lotte Hotels & Resorts currently has 34 properties totaling 11,200 rooms with an additional 3 properties in the pipeline. Lotte Hotel brands include Signiel, their 6-star brand; L7, their lifestyle brand; and Lotte Hotels, their signature brand.

Prior to joining Lotte Hotels & Resorts, Jim Petrus was with Blackstone/BRE Hotels and Resorts where he was Senior Vice President of Asset Management- Hawaii Hotels and Resorts. Petrus also held several key roles with Starwood Hotels and Resorts within the St. Regis brand including Global Brand Leader and Senior Vice President of Operations. Prior, he held several senior level positions with Hyatt Hotels. Throughout his career, Petrus has also held numerous civic and industry leadership roles. Jim Petrus is a graduate of the hotel school at Michigan State University.

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